Terreno Realty Q1 FFO $0.57 Misses $0.58 Estimate, Sales $85.03M Miss $87.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Terreno Realty reported Q1 FFO of $0.57 per share, missing the consensus estimate of $0.58, and sales of $85.03M, below the $87.65M estimate. Despite these misses, both earnings and sales showed significant year-over-year growth.
May 08, 2024 | 10:12 pm
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NEUTRAL IMPACT
Terreno Realty's Q1 FFO and sales missed estimates but showed notable year-over-year growth.
While Terreno Realty missed analyst estimates for both FFO per share and sales, the year-over-year growth in both metrics suggests underlying strength. The misses are relatively minor and may not significantly impact investor sentiment in the short term, hence the neutral score. However, the importance is rated at 75 due to the potential concerns over the misses against estimates, which could lead to a reevaluation of future growth expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100